Printer Friendly

China : Shanghai Stock Exchange to act as official distributor and licensor of Deutsche Boerse market data in mainland China.

Deutsche Boerse and Shanghai Stock Exchange (SSE) today announced a partnership in which SSE via its wholly owned subsidiary China Investment Information Services (CIIS) will act as the official distributor and licensor of Deutsche Boerse market data products in mainland China.

A signing ceremony attended by Deutsche Boerse Executive Board Member Hauke Stars and Bo Que, Vice President of Shanghai Stock Exchange, was held today in Suzhou, China to celebrate the new partnership.

The SSE is one of the most preeminent exchange groups in Asia. By establishing this link, we can provide Chinese clients with local service as well as fast and reliable access to our most popular market data offerings, said Hauke Stars, Executive Board Member responsible for the Information Technology and Market Data + Services division of Deutsche Boerse . We are especially pleased to kick off this alliance on

the great milestone of CIIS 20th anniversary.

For this cooperation, Bo Que, Vice President of Shanghai Stock Exchange Stock Exchange, said, "One of the important ways for SSE to promote internationalization is to strengthen the cooperation and communication with domestic and foreign exchanges. For this strategic cooperation with Deutsche Boerse, SSE will act as domestic sales agent and technical service provider for Deutsche Boerse market data. Deutsche Boerse will provide corresponding services for SSE in the future. This is a concrete step towards internationalization.

The new cooperation benefits Chinese customers by providing them with local service in their language and giving them access to key Deutsche Boerse market data feeds via SSE s data center in Shanghai. The partnership also allows Deutsche Boerse to strengthen its business in China.

Under the agreement, SSE will be responsible for real-time distribution, as well as marketing and sales of key Deutsche Boerse market data products in mainland China. These products provide data for the derivatives market Eurex, the securities trading platform Xetra, as well as the renowned STOXX and DAX indices.

Deutsche Boerse is one of the world s leading data and technology service providers for the securities industry with a product and service offering for issuers, investors, intermediaries and data vendors. The Group covers the entire value chain from trading, through clearing, to settlement and securities custody. Deutsche Boerse Market Data + Services encompasses the Group s extensive market data offering and external technology and connectivity services. The product and service range includes real-time and historical data from the Group's trading venues Eurex and Xetra as well as from cooperation partners. It also includes exclusive trading signals independent of its platforms such as economic indicators or macroeconomic news.

2014 Al Bawaba (Albawaba.com) Provided by Syndigate.info , an Albawaba.com company
COPYRIGHT 2014 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Geographic Code:9CHIN
Date:Apr 25, 2014
Words:438
Previous Article:China,Hong Kong : PACNET signs strategic partnership with CHINA TELECOM on datacentres, cloud.
Next Article:China : AIR CHINA signs contract with TRAVELPORT to use merchandising technology.
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters